The thing put up 5 red days last week, which is insanely rare. Even though a bunch were flat days that ended on the wrong side. So we have to put up 2 green ones to start this week. There is a limit to red days allowed and it definitely matters. A day like today is almost a preplanned simulation. Gonna just eat every red candle.
Nice up move (following a very decent drop). Looks like an Outside Day to me if the 5920 level or so holds. 5935/40?
Dip buyers got crushed, though. LOL. Even with the V at your back - you still need to nail down the timing.
I bet a lot of people shorted that 20 break. Was even tempted myself for a split second. This is what trapped bears look like.
My target is a 35 touch. But the market is oversold short-term and we're not up that much today, so could squeeze a bit higher, too.
You have to be able to use options or get it at different levels, even adding more if there is a greater dip. The idea that you have to pick 1 level to buy a dip and then assume that is it, is never the intention.